# Patna Civic Body Raises Rs 200 Crore via Bonds

> Patna Municipal Corporation lists Rs 200 crore municipal bonds on NSE, first in Bihar.
- Title: Patna Civic Body Raises Rs 200 Crore via Bonds · Ndtv
- Summary: Patna Municipal Corporation lists Rs 200 crore municipal bonds on NSE, first in Bihar.
- Keywords: patna municipal corporation, municipal bonds, national stock exchange, urban infrastructure, vending zones, community amenities, bonds listing, india, Ndtv
- Source: Ndtv — https://ndtv.com/india-news/patna-civic-body-raises-rs-200-crore-via-bonds-gets-listed-on-stock-exchange-12309767
- Read time: 1 min
- Topics: patna municipal corporation, municipal bonds, national stock exchange, urban infrastructure, vending zones, community amenities, bonds listing, india, news
## Bond Listing Ceremony
Patna Municipal Corporation raised nearly Rs 200 crore via bonds on NSE, becoming first urban local body in Bihar to list bonds.

> The bond listing is being viewed as a significant step towards strengthening the financial independence of urban local bodies and creating alternative funding mechanisms for infrastructure development.
## Bond Details
Bonds carry 9.20% annual interest with 10-year tenure and quarterly payments.
## Funding Mechanism
Initial issue size of Rs 100.03 crore increased to Rs 199.99 crore due to strong investor demand.
## Infrastructure Projects
Funds will develop 18 projects at 15 locations including vending zones, marriage halls, parking facilities and community amenities.

> These include 12 vending zones, two marriage halls, one parking facility, one commercial complex, one hotel and one community centre
## Land Ownership
10 sites owned by municipal corporation, 4 by Road Construction Department, 1 by Bihar State Housing Board.
## Project Cost and Timeline
Estimated cost Rs 270.45 crore; projects to be completed in 6-18 months.
## Revenue Generation
Projects expected to generate revenue through shop rentals, parking fees and marriage hall bookings.
## Chief Minister's Statement
Chief Minister Samrat Choudhary called bond expansion a significant achievement for Bihar's economic progress.
## Economic Context
Bihar faced economic setbacks after state bifurcation but made progress since 2005.
## Project Implementation
Vending zones will reduce road encroachment and improve traffic movement in Patna.

> The objective is to organise the city's currently unplanned street-vending activities and provide better civic amenities. Designated vending spaces will help reduce encroachment on roads and footpaths, improve traffic movement and bring greater order to markets
## Key takeaway

Patna Municipal Corporation raised Rs 199.99 crore via bonds on NSE, using funds for urban infrastructure projects including vending zones and community amenities.